M+ Online Market Wrap - 21 Jun 23

FBM KLCI: 1,393.45 pts (+5.12 pts, +0.37%)

The FBM KLCI (+0.37%) headed higher as bargain hunting activities emerged, powered by gains in the banking heavyweights. Market breadth was fairly neutral as the advancers-to- decliners ratio stood nearly 1-to-1. Buying momentum was noticed within the financial services sector (+1.04%), with CIMB (+11.0 sen), MAYBANK (+9.0 sen), and PBBANK (+3.0 sen) taking the lead, while the construction sector (-0.89%) took a beating led by GAMUDA (-5.0 sen), IJM (-3.0 sen) and BPURI (-0.5 sen).

Top 3 Active stocks:
BORNOIL (7036): RM0.015 (unch)
ARMADA (5210): RM0.485 (+4.5 sen)

RGB (0037): RM0.335 (+2.5 sen)

Volume: 3.06 bn (100-day avg vol: 3.17 bn)
Value: RM1.80 bn (100-day avg val: RM1.99 bn)
Market Breadth: ⬆️422 ⬇️415
Crude palm oil: RM3,627 (-RM100)

Dow Futures: 34,340 pts (-16 pts)

Source: Bloomberg, M+ Online

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